Arkansas Teacher Retirement System, Little Rock, committed up to $105 million to three alternatives funds, confirmed George Hopkins, executive director.
The $13 billion pension fund committed up to $50 million to Macquarie Infrastructure Partners III; up to $30 million to Cerberus Institutional Real Estate Partners III, a fund focused on U.S. and European distressed real estate equity and debt managed by Cerberus Capital Management; and up to $25 million to Vista Foundation II, a small- to middle-market buyout fund managed by Vista Equity Partners.
Separately, the plan returned 13.5% for the fiscal year ended June 30, matching its policy benchmark. Domestic equity returned 22.8%, while global equity returned 18%; alternatives, 8.9%; and fixed income, 3.8%. Real estate and private equity performance was not reported and is on a three-month lag.